WHAT IS BEHIND RENEWABLE ENERGY SURGE IN INDIA?

Innovative solar solutions, including high-efficiency modules, energy-efficient inverters and smart grid integration, are shaping the growth of renewables.

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The renewable energy sector of India is experiencing rapid expansion, fuelled by strong government policies, technological advancements and rising investments. With an ambitious target of achieving 500 GW of renewable energy capacity by 2035 and a net-zero goal for 2047, the solar industry is growing at an impressive annual rate of 25-30 percent. This growth is being driven by initiatives like the Production Linked Incentive (PLI) scheme, Basic Customs Duty (BCD) on imports, and the 'Make in India' programme, which is fostering domestic manufacturing and reducing reliance on foreign components.

Industry leaders analyse the transformative role of innovative solar solutions, including high-efficiency modules, energy-efficient inverters, and smart grid integration, in the country's renewable growth. Advances in bifacial panels, perovskite solar cells, and AI-powered energy management systems are enhancing performance and affordability, making solar a mainstream energy source. The strong policy framework, coupled with an increasing focus on sustainability, is attracting global and domestic investors. This momentum is not only accelerating the country's transition to clean energy but also positioning India as a global leader in renewable technology and manufacturing. By building a resilient and self-reliant solar ecosystem, the nation is paving the way for a sustainable and energy-secure future.

Government policies fuelling growth